IBM 1401 financial definition of IBM 1401
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Originally called International Business Machines. A major computer and information technology company. IBM develops software and hardware, provides network hosting, and offers IT consulting services. It is one of the only IT companies to trace its origins back more than 100 years. It was established in New York in 1896. After Coca-Cola, IBM is considered the second-most valuable brand name
in the world.
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References in periodicals archive
The IBM 1401
had a life cycle of close to two decades before the 360 was introduced.
From day one, the carnage was frequent and heavy in the class, because the programming language was Autocoder, a macroassembler for the IBM 1401
. George and I seemed to be the only students who weren't lost, so we started hanging out.
Forty-six Univac computers were delivered between 1951 and 1958, and IBM produced their business-oriented 305 RAMAC in the late 1950s, but business data processing took off with the widespread conversion of batch punch-card applications from accounting machines to the IBM 1401
, beginning in 1959.